Netflix (NFLX) – Technical Analysis (4H Chart)
Market Structure & Trend
- NFLX has been in a strong uptrend, with a significant rally from late 2024 into early 2025.
- After reaching a recent high, the stock experienced a pullback, currently testing a key Point of Interest (POI) around the $900 - $930 support zone.
- Price action shows consolidation within this demand zone, indicating potential accumulation before the next move.
Key Levels & Price Action
-Support Zone (POI): The green highlighted area represents a critical support region. If price holds and buyers step in, a bullish reversal is likely.
- Target Area (Resistance): The red line at $1,059.51 represents a key resistance level and the next potential upside target.
- Bullish Scenario: A bounce from the POI zone could initiate a rally toward the $1,059 resistance.
- Bearish Scenario: A breakdown below the POI could invalidate the bullish setup, potentially leading to further downside.
Forecast & Strategy
- Entry Strategy: A confirmation of support at the POI could provide a strong long entry with a stop-loss below the zone.
- Profit Target: The first target would be $1,000, with a final target at $1,059.
- Risk Management: A break below the support zone could signal weakness, requiring a reassessment of the bullish bias.
Conclusion
NFLX is at a critical juncture. If buyers defend the current support zone, the stock could resume its uptrend toward new highs. Traders should watch for bullish confirmation before entering long positions. A break below support, however, may shift momentum bearish.
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Market Structure & Trend
- NFLX has been in a strong uptrend, with a significant rally from late 2024 into early 2025.
- After reaching a recent high, the stock experienced a pullback, currently testing a key Point of Interest (POI) around the $900 - $930 support zone.
- Price action shows consolidation within this demand zone, indicating potential accumulation before the next move.
Key Levels & Price Action
-Support Zone (POI): The green highlighted area represents a critical support region. If price holds and buyers step in, a bullish reversal is likely.
- Target Area (Resistance): The red line at $1,059.51 represents a key resistance level and the next potential upside target.
- Bullish Scenario: A bounce from the POI zone could initiate a rally toward the $1,059 resistance.
- Bearish Scenario: A breakdown below the POI could invalidate the bullish setup, potentially leading to further downside.
Forecast & Strategy
- Entry Strategy: A confirmation of support at the POI could provide a strong long entry with a stop-loss below the zone.
- Profit Target: The first target would be $1,000, with a final target at $1,059.
- Risk Management: A break below the support zone could signal weakness, requiring a reassessment of the bullish bias.
Conclusion
NFLX is at a critical juncture. If buyers defend the current support zone, the stock could resume its uptrend toward new highs. Traders should watch for bullish confirmation before entering long positions. A break below support, however, may shift momentum bearish.
If you enjoy, press the like button.
Order cancelled
price didn't gave any sign of bullish .
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.